Can exporters benefit from the weaker ringgit?

TheStar Mon, Jul 05, 2021 08:50am - 2 years View Original


Already, the 60% cap on manufacturing capacity will slow down production; worse still, in some cases, their production is not designed to work in this way, said MMC Corp Bhd group managing director Datuk Seri Che Khalib Mohamad Noh.(pic)

EVEN as the US dollar is projected to strengthen in the near term, thus leading to a weaker ringgit, will Malaysian exporters be able to take advantage of it?

Many doubt if under the Covid-19 limitations, exporters can fully benefit from a weaker ringgit but some mid-to-larger sized exporters may weather through.

In the automotive components industry, supply chain disruptions are causing a shortage of Malaysian-made parts to car plants around the world.

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